SAN FRANCISCO -- (Business Wire) Voce Capital Management LLC (“Voce”), the beneficial owner of approximately 5.6% of the shares of Argo Group International Holdings, Ltd. (NYSE:ARGO) (“Argo” or the “Company”), today issued the following statement in response to the recommendation by Institutional Shareholder Services (“ISS”) regarding Argo’s upcoming 2019 Annual Meeting: “While we respect the team at ISS, and have been before them several times in the past, its formulaic conclusions regarding Argo are ...

NEW YORK (Reuters) - Wells Fargo & Co's hunt for a new CEO is being impeded by limits on how much the bank can pay its next leader, a person close to the search and several industry insiders told Reuters...

(Reuters) - Thyssenkrupp abandoned plans to hive off its steel business and split up the rest of the German conglomerate on Friday after a lengthy battle with activist investors and regulators, opting to list its elevators division instead...

DOVER, Del. (AP) — Attorneys for Tesla Inc. asked a Delaware judge Thursday to dismiss shareholders' complaints over a compensation plan that could net CEO Elon Musk more than $50 billion over the next decade...

Church Commissioners for England and the New York State Common Retirement Fund (NYSCRF) will vote against all board directors at oil giant ExxonMobil’s annual general meeting on 29 May, ipe.com has reported. Edward Mason , head of responsible investment at the Church of England’s £8.3bn (€9.6bn) endowment fund, said: “Exxon continues to lag its industry peers on climate change and to fail to engage properly with shareholders...

(Bloomberg) -- Activist investor Carl Icahn is unlikely to mount a challenge to Occidental Petroleum Corp.’s $38 billion plan to acquire Anadarko Petroleum Corp., according to people familiar with the matter...

Chevron Corp. is bowing out of the bidding to buy Anadarko Petroleum Corp., setting the stage for Occidental Petroleum Corp. to win one of the most high-stakes energy-deal dramas in years. In seeking Anadarko, Chevron and Occidental coveted prized assets in the Permian Basin in West Texas and New Mexico, the heart of the U.S. oil boom...

NEW YORK (Reuters) - Proxy advisory group ISS has advised JPMorgan Chase & Co shareholders to vote against the bank's executive compensation at its upcoming annual shareholder meeting, according to a report the firm published this week that was seen by Reuters. The group has twice previously suggested that investors vote against the bank's executive ...

Canadian billionaire Chip Wilson has been at odds of late with Lululemon, the athletic apparel brand he founded in 1998. Most recently, he threw shade at the company in a 2018 book, saying he was “playing to win, while the directors of the company I founded were playing not to lose.” Now, Lululemon’s board says he has crossed a line...

(Bloomberg) -- Allianz SE won shareholder approval for its new policy on management-board pay, avoiding the sort of investor backlash seen at some European firms in recent years. The German insurer proposed increasing the importance of fixed salary and long-term incentives in its first changes to remuneration policy since 2010. The plan passed easily at the firm’s annual general meeting on Wednesday with 92% of the votes cast...

LONDON (Reuters) - Standard Chartered could face a shareholder rebellion on Wednesday over the bank's pay plans for senior executives, the latest in a series of potential revolts over bosses pension payouts at top British firms...

(Bloomberg) -- Deutsche Bank AG’s next challenge after the breakdown of merger talks with Commerzbank AG may be its own angry shareholders. ISS and Glass Lewis -- the world’s biggest shareholder advisory firms -- are recommending investors vote against backing Deutsche Bank’s management and supervisory board at its annual general meeting on May 23. The firms pointed to the shares, which lost about 40 percent over the past year, as well as the bank’s continued legal and business challenges...

Papa John’s International Inc.’s (PZZA.O) sales topped analyst estimates, indicating the pizza seller is getting its mojo back under new management. Comparable sales in North America fell 6.9 per cent last quarter, beating projections for a 7.3-per-cent fall and slowing the recent pace of declines. The results are the first under new chairman Jeffrey Smith. The chain is pushing to bolster its advertising, and in March brought in a new global marketing head from Subway Restaurants...

SAN FRANCISCO (AP) — A federal judge on Tuesday ordered board members of Pacific Gas & Electric to tour the Northern California town of Paradise, which was leveled by a wildfire that may have been caused by the utility's equipment...

(Reuters) - SAP CEO Bill McDermott on Tuesday welcomed a $1.3 billion (993 million pounds) investment by activist investor Elliott, saying the U.S. hedge fund group was aligned with his goal of expanding margins by driving top-line growth. "They have been a fantastic investor. I am very proud they have chosen SAP," McDermott told reporters on Tuesday at Sapphire Now, SAP's annual U.S. user conference in Orlando, Florida...

A shareholder advisory service sided with Gannett in its effort to fend off the hostile takeover attempt of a hedge fund-controlled newspaper company. Glass Lewis, which advises shareholders on governance issues, recommended that Gannett stockholders reject the unsolicited bid and board nominees from MNG Enterprises...

What’s wrong with Corporate America? Just ask Warren Buffett. The chairman and CEO of Berkshire Hathaway Inc. and his longtime business partner, Charlie Munger, spent the weekend riffing on highly paid corporate board members who aren’t truly independent; committee meetings that waste time; and best practices embraced by managers that may not necessarily work...

Impactive Capital Co-founder Lauren Taylor Wolfe told attendees at the Sohn Investment Conference that her firm is going to advocate for changes to Wyndham Hotels' energy use to increase the value of the hotel chains' stock. Wyndham, which includes brands like Days Inn and recently bought La Quinta Inns, is protected from new competition like AirBnB because of its low prices, Wolfe said...